Environmental Scan Paper MGT 498 / Bobby Bates Diego Crisostomo 5/12/2017 The value of a company is what makes shareholders happy. A happy shareholder will continue to invest and bring in more business for the company. There for a company must stay competitive to remain trustworthy to the shareholder, also to remain a successful business. There is no business out there that doesn’t have any competition. Business is the most competitive sport in the world. Problems always need to be found, addressed, and fixed. Trust me there will always be problems. The workers in the company are one of the biggest threats, or biggest benefit to a company internally. Take care of your employees and they will take care of you externally the two …show more content…
Starting with their separate values. Everyone knows the brand Kirkland, but did you know is it was Costco brand. Costco has branded the Kirkland brand so successfully that on average Kirkland is trusted here than the competitions brands. The trust between the brand and the consumers is there so all Kirkland needs to do is keep it up and continue to improve. The Kirkland products are great and the price is even better. The prices must stay competitive, so they have an internal Costco research team. The price and the quality must always be reviewed on a continuous basis. As crazy as it is Sam’s club is owned by what Wal-Mart. Sam’s Club and Costco are almost the same if you consider the products and services that they both deliver. When it comes to the research that needed for the product expectations and supplier preference. In the head competition between the two Costco always comes out on top in the bulk market sector. Both companies have great employee packages and programs which makes people to want to work there. This in turn causes an outstanding overall organizational …show more content…
According to the statistics in 2015 Costco made 116.2 billion compared to Sam’s Club 57 billion. How is it possible that Costco is beating Walmart and Sam’s Club? Costco has 671 stores and Sam’s Club has 647 but one Costco store makes double what one Sam’s Club makes in revenue a year. Costco pays their employees better than Sam’s Club for example a cashier will start off at 13/hour compared to Sam’s Club at 9/hour this alone will create a better work culture. A better work culture will create a better experience for the customers because the employees are happier, simple as that. Costco meets the challenge by analyzing improving the product and advertisement of services. It’s the small decisions that put Costco ahead. For example Costco sells a box of 120utensils while Sam’s Club sells a box of 80, with a little difference in